SMM Rare Earth Morning Meeting Summary: Rare Earth Metal Transaction Prices Decline Amid Sluggish Market Demand

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SMM April 24 News:

Rare Earth Ore

Prices: Rare earth carbonate prices were around 33,300 yuan/mt, monazite prices were around 41,400 yuan/mt, and medium-yttrium, europium-rich ore prices were around 180,000 yuan/mt.

Supply and Demand: Currently, the fluctuation range of rare earth ore products is relatively small. Rare earth ore prices fluctuate with the oxide market, and separation plants are not actively purchasing, leading to overall weak performance in rare earth ore prices.

Rare Earth Oxides

Prices: The quotation range for Pr-Nd oxide was around 410,000-412,000 yuan/mt, the mainstream quotation range for dysprosium oxide was 1.61-1.62 million yuan/mt, and terbium oxide prices were adjusted to around 6.7-6.8 million yuan/mt.

Supply and Demand: Yesterday, rare earth oxides continued to perform weakly. However, considering that producers intend to stand firm on quotes, although some traders sold at low prices, the overall supply was relatively small, and downstream buyers were not actively inquiring, resulting in low market activity.

Rare Earth Metals

Prices: The mainstream quotation range for Pr-Nd alloy was 505,000-507,000 yuan/mt, dysprosium-iron alloy prices were around 1.61-1.62 million yuan/mt, and terbium metal prices were around 8.5-8.55 million yuan/mt.

Supply and Demand: In the metal sector, downstream demand remained sluggish. Some suppliers, with weak confidence in the future market, continuously lowered their quoted prices, while buyers exerted strong pressure to drive down prices, leading to a continued decline in actual transaction prices.

NdFeB Blank

Prices: NdFeB blank N38 (Ce) was quoted at 136-146 yuan/kg; NdFeB blank 40M was quoted at 182-192 yuan/kg; NdFeB blank 40H was quoted at 186-196 yuan/kg; NdFeB blank 45SH (ce) was quoted at 236-256 yuan/kg.

Supply and Demand: Yesterday, due to uncertainty in ore supply in the upstream oxide market and weak downstream demand, separation plants intended to stand firm on prices. Downstream magnet manufacturers, with poor order situations, had low purchase willingness, and market sentiment was dominated by a wait-and-see attitude. Although suppliers quoted low prices, trading volume was poor.

NdFeB Scrap

Prices: Pr-Nd recycled from NdFeB scrap was quoted at 429-440 yuan/kg; dysprosium recycled from NdFeB scrap was quoted at 1,606-1,628 yuan/kg; terbium recycled from NdFeB scrap was quoted at 5,180-5,380 yuan/kg.

Supply and Demand: Yesterday, NdFeB scrap prices showed no significant changes. After the price decline in previous days, the scrap market has now reached a low level, with low willingness to sell. Due to poor trading in the downstream oxide market, oxide trading volume has decreased.